In Business News, Small Business

New businesses were born in Birmingham at a faster rate than any other UK city over the past year, recent research has revealed.

According to analysis of Bureau van Dijk’s FAME database, Britain’s second city has seen a 95% increase in start-ups over the last financial year.

The last twelve months has seen an impressive 13,000 new companies spring into life, compared with 6,640 the previous year, placing Birmingham firmly at the top of the start-ups table ahead of Bristol, Manchester and even London.

The encouraging increase can be party attributed to the advice and support currently offered from services like Growth Hub, a business mentoring facility run by the Greater Birmingham and Solihull LEP.

Ian McLaughlan, manager at Growth Hub, said: “We are attracting more enquiries about starting a company than any other topic.

It is clear that greater Birmingham is full of ambitious potential entrepreneurs that want to set up and grow a successful business.

“The economic strength of this region relies on new companies establishing secure and sustainable plans for growth.”